As the 60-day comment period closed Friday for the U.S. Department of Labor’s controversial overtime changes, the nearly 200,000 comments underscore the sharp divide in opinion on the proposed rule that some say will bury businesses in costs while others argue it will help workers who have long been underpaid.
A Texas state judge on Friday awarded a Highland Capital Management LP subsidiary about $288 million in its breach-of-contract and fraud inducement lawsuit against Credit Suisse AG, marking a win for the hedge-fund firm in its battle with the Swiss bank over luxury developments.
The Ninth Circuit ruled Friday that a plaintiff can't sue two Sony Corp. units for violations of the Video Privacy Protection Act's data retention provision, saying the act doesn’t provide a private right of action to enforce its retention requirements for video service providers.
The Federal Circuit affirmed a decision Friday that a patent for preventing unauthorized recording of copyrighted material is invalid as indefinite because it does not describe a structure for performing the claimed function, in a win for accused infringer Capital One Financial Corp.
Alchem Laboratory attorneys accused of divulging information about confidential settlement talks in a class action over alleged kickbacks to distressed Puerto Rico utility PREPA defended themselves Thursday, saying the plaintiffs' request for sanctions is merely a ploy to keep Alchem from beating the case.
U.S. Securities and Exchange Commission member Daniel Gallagher announced on Friday firm plans to leave the agency by early next month, putting additional pressure on the White House to name his replacement soon.
A North Dakota federal judge refused Friday to impose a nationwide injunction on the U.S. Environmental Protection Agency’s recent rule clarifying the scope of the Clean Water Act, instead limiting it to the 13 states that sued the agency in his court.
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